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Internship report released for Cohort of 2021. Top recruiters include BCG, Mckinsey, Tata IQ, Softbank, BMW. Download Report

Admission Criteria

To apply for the Cohort of 2023, you will be assessed on the following criteria:

  • Academics

    3-4 years Bachelor’s or Undergraduate Degree in any discipline from a recognized institution.

  • Work Experience

    While work experience of 2-4 years is ideal, we are open to considering freshers and older students as well.

  • Test Scores

    GMAT, GRE or CAT scores are required. In case, neither are available, applicants must take the Masters’ Union- Business Aptitude and Admissions Test (MU-BAAT).

From Admissions Director's Desk

The top questions we got and the ones we wish we got

Apples, picked from trees when ripe and also chosen to teach children the first letter in the alphabet.

In with the purple, out with the blue

An overview of the applications for the 3rd cohort of Masters' Union.

The Masters’ Union Application Survival Guide

Whether it’s baseball or b-school application deadlines, timing really does

The Union of People.
The Intersection of Ideas.

Set theory is an often overlooked avenue of explaining complex things in a

Crafting a Successful Masters’ Union Application | 3EPO

Essays, Experience & Entrance

Who’s an Ideal Masters’ Union Candidate, You Ask?

Being both novel and unconventional, at Masters’ Union, we sure do get a lot of questions about the ‘ideal’ version of a student.

How surfing and management education have more in common...

Surfing’s one of the few sports that you look ahead to see what’s behind.

If you can’t beat it,
join it

Why do management professionals need the ‘tech’ advantage?

Admission Process

Step 1
Submit the PGP TBM online application along with the following:

Documents Required

  • Latest Resume Download Sample

  • Up to 2 References from any of the following:

    • Direct Managers
    • VCs or Angel Investors
    • Mentors
    • Teachers or Professors (undergrad level and above)
    • Customers or Partners
  • The Essay Section:

    • You will get two prompts, with two options each. The first prompt is mandatory while the second one is optional. Each of these prompts can be answered either through a text-based response between 300 and 500 words or a video-based response of not more than 2 minutes in length.
  • Supplementary information

    • We would love to get to know you better. If you feel that there you need a space to talk about something the application form has not covered, regarding educational/professional gaps, medical history, etc. please let us know via an essay/video response in the document upload section.
Step 2
Step 3
Step 4

Dates & Deadlines

Rounds Deadline Interviews Application Fee
Round 1 Jan 23rd, 2022 Feb 2022 Rs 2,000
Round 2 Mar 20th, 2022 April 2022 Rs 3,000

Who are we looking for?

You are an ideal Masters’ Union candidate if:

You have made the best use of the opportunities available to you.

We understand that we all come from very different contexts and backgrounds, and hence, we all had different opportunities & resources growing up. What matters is whether you made the most use of what was provided to you. Just having attended a top University is not enough - did you leverage that opportunity to the fullest is what matters. Similarly, having attended an ‘unbranded’ is not a disadvantage, if you were engaged, participative and left an impact there.

You are open to opposing viewpoints & new ideas

If you’re up for a good & healthy debate and are ready to consider/accept others’ point of views, you will be able to evolve much faster as a human being. You will also be able to make the most of your Masters’ Union experience.

You are humble and open to being coached

If you know what you don't know and are ready to learn to fill the gaps, you will be able to soak in more knowledge from your peers and masters.

You are curious to learn new things

If unanswered questions keep you up at night and if you feel the need to google any questions, thought or idea that enters your mind, you will be able to better make use of the information disseminated in a typical Masters’ Union classroom.

You are motivated to create impact

Masters’ Union will throw a lot of challenges at you and you will need to be motivated to work on them and collaborate with your peers. You cannot be holding your peers back due to a lack of motivation.

You exhibit strong leadership performance and potential

We know leadership is manifested through different forms - entrepreneurial ventures, captaining sports teams or volunteer projects, etc. Masters’ Union is looking for students who are driven to tackle challenging problems and leave the world a better place.

FAQs

Does Masters' Union have a cut-off for GMAT, GRE or CAT?

Masters’ Union follows a holistic evaluation approach. Our evaluation is based on a combination of your application, essays, exam scores and interview performances. However, if you feel that your GMAT/CAT/GRE scores are not competitive enough, we encourage you to appear for our own internal entrance examination, the MU-BAAT.

How many years of work experience do I need to be admitted?

Work experience is not a mandatory requirement for admission. Applicants in their final year of graduation with demonstrable maturity and leadership experiences are encouraged to apply.

What is the typical student's profile at Masters' Union?

We have a diverse student body in terms of geographical, educational and professional backgrounds. We don’t have any ‘typical’ student profile.

What's the minimum qualifying GPA?

Can I defer admission?

In the large majority of cases, no. You should apply for the intake in which you intend to enrol. In truly exceptional circumstances, the Admissions Committee may grant a deferral. All requests should be made in writing and will be reviewed on a case -to- case basis.

Are any of the rounds more or less competitive than others?

Each round is equally competitive. The acceptance ratio is the same for all rounds. Most importantly, you should dedicate enough time and thought to your application so that it accurately represents your strengths and talents.

However, if scholarships are a priority, we encourage you to apply in Round 1.

What is your hostel fee refund policy?

If there is a reduction in your hostel occupancy period (by more than a month) due to late commencement of the programme, a refund will be made on a pro rata basis at the end of the programme. However, refunds will not be applicable if net occupancy periods are the same due to restructuring timelines.

No refund shall be made if you choose to spend your industry interface module outside Gurugram, since the hostel charges correspond to your holding the property for a continued period of 16 months. A pro rata refund can be made only for the laundry and catering charges (in case it has been paid for upfront) if you choose to pursue your industry interface module outside Gurugram.

No refund shall be made in case a student is made to evacuate the hostel on disciplinary grounds.

Can I defer my admission offer from Masters' Union to the next year?

Currently, we are not offering the option to defer the admission offer. Those who cannot join the programme in the current year are advised to apply again for the next year.

Masters’ Union Refund Policy

The following refund policy will be applicable to the programme fee:

The admission fee, also referred to as the token fee, is non-refundable.

Pre-commencement - In case a student has to withdraw from the programme before the commencement, for either academic, personal, or administrative reasons, only 50% of the tuition and hostel fee will be refunded. 100% of the lifelong union membership fee in addition to food and laundry fee will be refunded.

Post commencement - In case a student has to withdraw from the programme, for either academic, personal, or administrative reasons, only 50% of the tuition and accommodation fee will be refunded on a pro-rata basis, along with 100% of the lifelong union membership fee.

A pro-rata refund will be proportional to the number of terms spent by the student at the programme before opting to drop out. To illustrate, if the tuition fee amount payable for a candidate for our 8-term PGP-TBM were INR 8 Lakh, and a student chose to drop out in the fourth term, s/he will be eligible for a refund of INR 2 lakh. The food, and laundry will be refunded on a pro-rata basis.

No refund shall be made in case a student is expelled from the programme on disciplinary grounds.

Can I get my profile evaluated?

Feel free to connect with the admissions team and our counsellors to discuss your fitment with the programme. You are welcome to send your CV to admissions@mastersunion.org and initiate conversation with our counsellors for the same.

I’ve just completed/will be completing my undergraduate studies. Is Masters’ Union a right fit for me?

Work experience is not a mandatory requirement for admission. If you feel you have demonstrable leadership potential along with meritorious academic accomplishments, we encourage you to apply to Masters’ Union! Freshers from our founding cohort have had unparalleled career trajectories with our average package for freshers at INR 23.20 Lakhs.

Are all candidates interviewed?

Post the application and examination stage, candidates are shortlisted. Only shortlisted candidates are invited for a panel interview.

Is there an age limit for entry?

There is no age limit for entry. However, the programme is most suitable for those who are at an early stage in their careers. If you have more work experience, we encourage you to get in touch with the admissions team, who will evaluate your profile and advise you accordingly.

I have very little (or no) work experience. How will that impact my placement prospects at Masters' Union?

As a candidate with less than 2 years of experience, you will not be competing for jobs with more senior peers. Companies offer jobs relevant to different experience bands (0-2 years, 3-5 years, 5-8 years, 8+ years, etc). Organisation would focus more on your skill set as compared to your past experience.

However, for freshers from our founding cohort, we witnessed an average salary of INR 23.20 Lakhs, with placement in prestigious companies.

I don't have a business background. Will this impact my chances for admission?

We value diversity at every level and welcome applications from a variety of professional and academic backgrounds, including the arts, law, medicine, military, non-profit, etc. As with all candidates, we will be looking for demonstrable leadership potential, and will consider this in conjunction with your professional experience and past performance, when assessing your application.

I don't have an undergraduate degree. Can I still be considered for admission?

Yes! While the vast majority of our participants have undergraduate and/or advanced degrees, this is not compulsory for admission. Candidates who do not hold an undergraduate degree, but who have an excellent career record, examination scores and leadership potential are also welcome to apply.

If my application has been unsuccessful, may I reapply in the next round?

No, you cannot reapply in the next round. Unsuccessful applicants can reapply for the next intake, next year. Re-applicants are requested to submit a new online application unless otherwise indicated.

Please exercise your own judgement in deciding if you have made any significant changes in your new profile since your first application, that would make a significant difference to your admissions chances.

How strict are the application deadlines?

Our deadlines are non-negotiable. Applications must be completed and submitted by midnight (Indian Standard Time) to be included in the ongoing round. A complete application includes the online form, valid test scores, all supporting documents, references, essays and payment of the application fees.

Can you give me more details about the MU BAAT examination?

The Masters’ Union Business Administration Admissions Test, is an examination designed along the similar lines of any other management entrance examination. We evaluate your analytical and verbal skills along with your business acumen through a caselet analysis.

We’d encourage you to prepare by brushing up on key mathematical concepts, along with trusting your robust reading habit! Applicants should be familiar with reading and analyzing acclaimed literature, editorials and opinion pieces.

The MU BAAT will be conducted 7 days after the completion of the admission deadline.

How should I approach the essay section?

The essay section in your application section requires careful consideration and thought. We’re looking for clarity, conciseness and cohesion in your arguments as well as in the structure of your essay. Most importantly, we encourage you to bring out your most authentic self through these essays to give us the best understanding of your thought process, critical thinking and communication skills.

Application Guide

Guidelines for the MU-BAAT examination

Here are the guidelines for the MU BAAT examination -


Registration & Fees : All candidates who complete and submit their admissions application are automatically registered for the MU BAAT examination, provided the student has indicated the preference in their application form. There is no additional fee for the MU BAAT examination and is covered within the INR 3000/- cost of the admissions application.

Timelines :
  • The MU BAAT will be conducted 7 days after the completion of our Round 2 admission deadline on 20th March. Candidates will have an option to choose a timeslot to take the examination on the day the exam is scheduled.

Logistics :
  • The MU BAAT is an online examination that can be taken from your laptop/desktop and requires a secure internet connection.
  • It is a proctored examination, which closely tracks the candidate's behavior during the course of their attempt, and requires access to the laptop/desktop webcam and microphone.
  • The software over which the test is accessed disables all other applications, such as web browsers, messaging platforms etc when the examination is being conducted.
  • Calculators are neither allowed nor required, but candidates can use 2-3 plain sheets of paper to solve the test.

Scores :
  • There is no cut-off for the MU BAAT examination. It provides the admissions committee with an insight to a candidates verbal and analytical skills along with their business acumen.

Prep :
  • The MU BAAT examination provides a benchmark of your analytical and verbal skills and is designed on similar basis to other management aptitude examinations.
  • Any individual with a knowledge of high-school mathematical fundamentals along with a strong appetite for reading first-rate literature from diverse sources should find the examination appropriate for their skill level.
  • To get an idea of what you can expect in the MU-BAAT examination, you can have a look at the sample questions.

Our Policy on Entrance Exams and Cut Offs

Here is a brief summary of our entrance examination policy -


  • We conduct an internal admissions test, MU BAAT, or Masters’ Union Business Aptitude Admissions Test.
  • The only examination scores we take as exceptions to the MU BAAT are valid GMAT, GRE or CAT scores, who can apply with the score of their choice and can choose to opt out of the MU BAAT examination.
  • We do not accept NMAT scores.
  • For all other candidates -
    • If you have not taken any entrance examinations, you can apply and will have to take the MU BAAT examination
    • If you have taken any examination apart from the GMAT, CAT or GRE, you can apply and will have to take the MU BAAT examination
    • Even if you have a valid GMAT, CAT, GRE score and you feel you score isn’t competitive, you can choose to take the MU BAAT examination

Cut-offs : Masters’ Union does not declare cut-offs for any examination. Our admissions evaluation process looks at a holistic evaluation of a candidate’s profile and their selection depends on a number of factors including their academic background, work experience (if applicable), essays, extracurricular activities, examination scores, interview performance and more!
The average GMAT score from our first two cohorts was 710. It is upto the candidates discretion to interpret the average score in perspectives of other examinations. Do know that anyone has the option to sit for the MU BAAT examination, should they feel their score in the GMAT, GRE or CAT examination isn’t competitive enough.

Tips for the Essay Section

What we’re looking for -


  • Clarity and consistency in your thoughts, arguments and in the structure of your essay.
  • High quality critical thinking skills and how deeply you’ve engaged with the prompt.
  • High quality communication skills and how you’ve framed your response

Format of submission -
We would like you to submit your responses to the prompts mentioned on the application form. For prompt 1, you need to submit your responses in a video format (time limit - 3 minutes). This is a mandatory requirement. You can upload the video on any video hosting platform and paste the hyperlink in the essay text box, if you prefer going with the video based response.

Understanding the prompts -
Instructions : There are two prompts that each contain two options. The first prompt is mandatory and you will have to respond to either one of the options. The second prompt is optional and also requires you to respond to only one of the options presented.

Prompt #1

Prompt - How do you plan to use your Masters’ Union experience for achieving your future short-term and long-term professional goals? Consider your past academic and professional experiences and the Masters’ Union platform for your answer.

What we’re looking for is ways you can provide an explanation on how you’re planning to use the Masters’ Union platform. Along with your personal goals and objectives, we’re assessing your perception of what your outcome will be from your own Masters’ Union experience. We’d encourage you to think creatively as well.

A good way of measuring your attempt would be to assess your response and see if your ‘authentic’ self is clearly on display.

Prompt #2

Option 1 : According to you, what are the ingredients to the masters' union recipe and how do you think the dish tastes?
Option 2 : In a book about your life, there's a chapter titled 'My Masters' Union Experience'. Write down a summary of the chapter.

What we’re looking for, through this response, is for your personality and approach to problem solving to be on display.
With the first topic, feel free to submit additional illustrations, mathematical equations, and more. We’d like to see how you engage with systems-level thinking and the cross-functional application of frameworks across different subjects.
With the second topic, along with looking at your interest areas, we get insights on your understanding of how technology creates impact to products, services, organizations, sectors, etc. We require you to extrapolate a scenario where you need to append the word ‘Tech’ to the end of a word to create a new industry (e.g. fintech, edtech, etc) and describe how the inclusion of technology has impacted the space.

How to approach the references section

Here are the guidelines for the references section -


Who to choose?
The reference section collects contact information about your referral, based on the individual you choose. We’d encourage you to choose a manager, mentor, investor, professor, etc. who you’ve worked closely with and can have a conversation/reply to a questionnaire about your strengths, weaknesses and past experiences.

Process
  • You will need to submit only the contact details of the referrals .
  • You do not need a ‘letter of recommendation’ from your referral, either physical or digital.
  • Masters’ Union will connect with your referrals post the completion of Round 2 of admissions, during the evaluation stage. You will need to complete and submit your application with the contact details of your referral, well before.
  • Masters’ Union will be reaching out to your referrals either through a telephonic conversation or through a questionnaire

Admission Policies

Test Score Validity Policy

The MU-BAAT scores will be valid only for the year in which the test was taken. The same goes for the CAT exam - we accept scores for the examinations conducted in the same academic year. You are free to submit GMAT/GRE scores as long as they are valid (validity period is 5 years for both exams).

Feedback Policy

If the applicant misses both the rounds of a particular intake, the application form and its entire contents will expire. At this point, the applicant will be required to complete a new application from scratch, for the next intake.

An application will only be evaluated once it is complete. If it is completed after the deadline, it will be reviewed for the next round or (in the case of last round applicants) the following intake.

Application Submission Policy

Due to the large number of applications we receive for each intake, and the confidentiality of the deliberations of the Admissions Committee, we would be unable to provide detailed individual feedback on unsuccessful applications.

Cohort Statistics

25.7 Years

Average Age

21 - 39 Years

Minimum & Maximum Age

705

Avg GMAT Score

3 Years

Average Work Exp.

  • Average Age
    24.5 Years
  • Minimum & Maximum Age
    21 - 39 Years
  • Percentage Freshers
    16%
  • Average Work Exp.
    3.7 Years

UG Colleges Represented

IIT, KHARAGPUR
VIT, VELLORE
LSR, DELHI
BITS PILANI, HYDERABAD
NARSEE MONJEE, MUMBAI
SRCC, DELHI
IIT, CHENNAI
MANIPAL INSTITUTE, MANIPAL
ST. XAVIER'S, MUMBAI
BITS, GOA
BITS PILANI
HINDU COLLEGE, DELHI
IIT, ROORKEE
SRM, CHENNAI
CHRIST, BENGALURU
O.P. JINDAL, SONIPAT
THAPAR, PATIALA
ST. STEPHEN'S, DELHI
IIT, VARANASI
DELHI UNIVERSITY, DELHI

Former Employers

MCKINSEY AND COMPANY
INFIBEAM AVENUES
INDUSIND BANK
URBANCLAP
EY
AMAZON
ZS ASSOCIATES
GOLDMAN SACHS
NOVARTIS
CLIX CAPITAL
CLEARTAX
SWIGGY
MYNTRA
ACCENTURE INDIA
QUALCOMM INDIA
TAJ HOTELS
DELOITTE
INFEEDO
MU SIGMA
ZOMATO
KPMG
CRISIL LIMITED
SIEMENS LTD
TATA TECHNOLOGIES

Fees

Admission Fee (Non-refundable)

Rs. 1,37,500/-
(Add GST) Rs. 24,750/-

Tuition Fee

Rs. 17,52,500/-
(Add GST) Rs. 3,15,450/-

Life-long Union Membership Fee

Rs. 1,10,000/-
(Add GST) Rs. 19,800/-

Total Fee Payable (R1 Applicants)

Rs. 20,00,000/-
(Add GST)Rs. 3,60,000/-

Scholarships

We, at Masters’ Union, believe that financial constraints should not pose any hindrance to someone’s academic aspirations. We are keen to attract promising candidates to our founding class, so that they elevate the quality of the peer learning experience. We have up to 100% scholarships available for R1 applicants with exceptional profiles that fall in one of the following categories:

Karthik Ramanna Merit-Based Scholarships

Masters' Union is keen to identify and extend financial support to candidates with exceptional academic records and professional accomplishments. Our merit-based scholarships are need-blind and offer full and partial waivers of the tuition fee, as decided by the selection panel.

Exceptional academic record and test scores.

Rajni Thethi Scholarship for Women

Masters' Union will extend a scholarship to deserving female candidates with impressive academic and/or professional track record, along with the drive and potential to emerge as an industry leader.

Exceptional women candidates with significant achievements across domains. Special focus on those looking to upskill and rejoin the workforce after a professional break.

Narendra Jadhav Diversity Scholarship

This scholarship aims at the inclusion of exceptional candidates from marginalised and underserved communities from the Indian subcontinent, such as the Northeast, Ladakh, Bhutan, and the tribal belts of the Indian hinterland.

Candidates from tribal communities within India, as well as mountain pockets like Ladakh, the Northeast, Nepal and Bhutan.

MU Scholarship for Technology Leaders

This scholarship is for candidates who have demonstrated technology-oriented leadership either as students or in their jobs, through innovations, patents or research, and are looking to further their career prospects in the technology domain.

The candidate must submit a 250-400 word essay detailing a proven track record of accomplishments in the technology domain at the national or international level, and be prepared to substantiate it further at the interview stage.

Mukund Rajan India-Bound Scholarship

This scholarship is directed at Indian-origin candidates (i.e. PIO card-holders) who wish to engage with the Indian corporate sector, as well as Indian professionals, currently based abroad, who wish to return to India in pursuit of a world-class education, that may help catapult their careers to newer heights

PIO card-holders and Indian citizens studying or working abroad.

MU Scholarship for Young Leaders

This scholarship aims to identify fresh graduates who have displayed exceptional drive and leadership potential through active participation in student-led committees, clubs and other initiatives while in college.

The candidate must submit a 250-400 word essay detailing the leadership roles(s) assumed by him/her and the quantifiable outcomes achieved.

MU Scholarship for Entrepreneurs

This scholarship funds candidates who have had entrepreneurial experience, with varying levels of success, and wish to gain more skills and academic perspectives to carry on with their line of work.

Entrepreneurial experience for over a year. Candidates must submit a 250-400 word essay describing their entrepreneurial journey. This will be used to evaluate their candidature.

Financing

The following financial institutions can provide loans for up to 95% of the programme fees to the admitted students.

Amount

95% of the total course fees

Interest Rate

Starting at 11.5% pa

Tenure

Up to 15 years

Moratorium

Course Period + Maximum of
optional 6 months

Insurance

Max Life Insurance

Processing Fee

Applicable as per Axis bank norms

  • Mr. Ankit jain
  • ankit.jain2@axisbank.com
  • 9654611713
Amount

Up to 23.6 lakhs

Interest Rate

7.50%* onwards

Tenure

Up to 15 Years

Income tax Benefits

Available under Section 80E of Income
Tax Act 1961

Security

No Security Required

Online Application

Online Application Accepted

Quick Services

Quick and hassle-free services

  • Mr. Atesh Sharma
  • indiamba2020@hdfccredila.com
  • 8588813295 / 6396544847
Amount

Up to Rs 25 lakhs

Interest Rate

7.75%

Tenure

Up to 144 months

Cost covered

Tuition & Living expenses

Moratorium

EMI/ SI/ Partial SI

Processing Fee

Rs 5000+taxes

Online Application

Online Application Accepted

  • Akshay Chaudhari
  • akshay.chaudhari1@idfcfirstbank.com
  • 9058570232
  • Anuj Kumar
  • anuj.kumar9@idfcfirstbank.com
  • 9718193604
Amount

Salaried Individuals: Up to Rs. 1 crore
Self-employed: Up to Rs. 3 crore with suitable collateral

Interest Rate

Starting from 9.6%, with a loan against
75% of the property value

Tenure

20 years

Moratorium

Pay only interest as EMI. Repay the principal
at the end of the tenor.

Security

Co-borrower required, Property on name
of self, Parents, Spouse.

Processing Fee

upto 1%** of the disbursal amount

  • customersalaried.lap1@bajajfinserv.in
  • customerloanagainstproperty@bajajfinserv.in
  • 18002091999

Axis Bank

Amount

95% of the total course fees

Interest Rate

Starting at 11.5% pa

Tenure

Up to 15 years

Moratorium

Course Period + Maximum of
optional 6 months

Insurance

Max Life Insurance

Processing Fee

Applicable as per Axis bank norms

  • Mr. Ankit jain
  • ankit.jain2@axisbank.com
  • 9654611713

HDFC CREDILA

Amount

Up to 23.6 lakhs

Interest Rate

7.50%* onwards

Tenure

Up to 15 Years

Income tax Benefits

Available under Section 80E of Income
Tax Act 1961

Security

No Security Required

Online Application

Online Application Accepted

Quick Services

Quick and hassle-free services

  • Mr. Atesh Sharma
  • indiamba2020@hdfccredila.com
  • 8588813295 / 6396544847

IDFC FIRST Bank

Amount

Up to Rs 25 lakhs

Interest Rate

7.75%

Tenure

Up to 144 months

Cost covered

Tuition & Living expenses

Moratorium

EMI/ SI/ Partial SI

Processing Fee

Rs 5000+taxes

Online Application

Online Application Accepted

  • Akshay Chaudhari
  • akshay.chaudhari1@idfcfirstbank.com
  • 9058570232
  • Anuj Kumar
  • anuj.kumar9@idfcfirstbank.com
  • 9718193604

Bajaj Finance

Amount

Salaried Individuals: Up to Rs. 1 crore
Self-employed: Up to Rs. 3 crore with suitable collateral

Interest Rate

Starting from 9.6%, with a loan against
75% of the property value

Tenure

20 years

Moratorium

Pay only interest as EMI. Repay the principal
at the end of the tenor.

Security

Co-borrower required, Property on name
of self, Parents, Spouse.

Processing Fee

upto 1%** of the disbursal amount

  • customersalaried.lap1@bajajfinserv.in
  • customerloanagainstproperty@bajajfinserv.in
  • 18002091999